Coursera (NYSE:COUR) Earns Buy Rating from Analysts at Bank of America

Stock analysts at Bank of America began coverage on shares of Coursera (NYSE:COUR) in a report issued on Thursday, Briefing.com reports. The firm set a “buy” rating and a $11.00 price target on the stock. Bank of America‘s price target suggests a potential upside of 43.88% from the company’s current price.

A number of other research analysts have also recently issued reports on COUR. Needham & Company LLC restated a “buy” rating and issued a $15.00 target price on shares of Coursera in a research note on Friday, July 26th. The Goldman Sachs Group cut their price target on shares of Coursera from $10.50 to $9.00 and set a “sell” rating for the company in a report on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 price objective on shares of Coursera in a research note on Friday, July 26th. Cantor Fitzgerald upgraded shares of Coursera to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, KeyCorp decreased their price target on Coursera from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.73.

Coursera Stock Down 4.2 %

NYSE:COUR opened at $7.65 on Thursday. The firm has a market capitalization of $1.19 billion, a PE ratio of -11.08 and a beta of 1.42. Coursera has a 12-month low of $6.35 and a 12-month high of $21.26. The firm has a 50-day moving average price of $8.00 and a 200 day moving average price of $9.51.

Coursera (NYSE:COUR) last issued its earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $170.30 million during the quarter, compared to analysts’ expectations of $164.67 million. Coursera had a negative return on equity of 13.92% and a negative net margin of 14.35%. Coursera’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.20) EPS. On average, research analysts expect that Coursera will post -0.44 EPS for the current year.

Insider Buying and Selling

In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the transaction, the director now directly owns 7,203,892 shares of the company’s stock, valued at $60,512,692.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $8.40, for a total transaction of $210,000.00. Following the transaction, the director now owns 7,203,892 shares in the company, valued at $60,512,692.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Alan B. Cardenas sold 6,285 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $8.27, for a total transaction of $51,976.95. Following the completion of the sale, the senior vice president now owns 207,434 shares in the company, valued at $1,715,479.18. The disclosure for this sale can be found here. Insiders sold a total of 32,847 shares of company stock valued at $274,832 over the last ninety days. Insiders own 16.30% of the company’s stock.

Institutional Investors Weigh In On Coursera

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Natixis acquired a new position in Coursera during the first quarter valued at approximately $35,000. CWM LLC boosted its holdings in shares of Coursera by 7,568.6% in the 2nd quarter. CWM LLC now owns 3,911 shares of the company’s stock valued at $28,000 after buying an additional 3,860 shares during the last quarter. Covestor Ltd grew its stake in shares of Coursera by 72.9% in the first quarter. Covestor Ltd now owns 4,378 shares of the company’s stock valued at $61,000 after buying an additional 1,846 shares in the last quarter. nVerses Capital LLC increased its holdings in Coursera by 26.1% during the second quarter. nVerses Capital LLC now owns 8,700 shares of the company’s stock worth $62,000 after buying an additional 1,800 shares during the last quarter. Finally, LGT Group Foundation acquired a new stake in Coursera in the second quarter valued at $73,000. 89.55% of the stock is currently owned by institutional investors and hedge funds.

About Coursera

Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.